Financial Standard Comments - Onus on consumers to ask about commissions: Sinodinos Consumers must take responsibility for finding out whether their financial adviser has a conflict of interest, according to Assistant Treasurer Arthur Sinodinos. https://www.financialstandard.com.au/feed/latest?story=38554943 Wed, 12 Mar 2014 17:49:13 +1100 Wed, 12 Mar 2014 17:49:13 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Gratuitous Adviser (Retired)

The industry is doing itself great harm if it follows Sinodinos down this cynical path.

There's a bit of gratuitous advice for the FA professionals in the industry because the 6 week trained, ex used car salespeople will do well for a year or two, they will then be driven out leaving it all in a shattered mess. Good luck.

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]]> Gratuitous Adviser (Retired) Wed, 12 Mar 2014 17:49:13 +1100 Comment by OBVUS Brisbane (Stedermar Pty Ltd) Great to see the Honourable Member has removed the cause of the Financial Industry's involuntary shock under the previous govt legislation. Buyer beware is a tried and tested truism that can be relied on as a guaranteed source of income. Combine that with self regulation and weak enforcement by regulators and it's business as usual.

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]]> OBVUS Brisbane (Stedermar Pty Ltd) Tue, 18 Mar 2014 05:04:14 +1100